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Profit Sharing 101

Profit Sharing 101

Bonuses vs. Profit Sharing

published:12 Dec 2012

Bonuses vs. Profit Sharing

Bonuses vs. Profit Sharing

published:12 Dec 2012

views:12739

Your staff are your most valuable asset in a veterinary practice and those who do a great job should be rewarded accordingly. In this episode of Whiteboard Wednesday, Dr. Joel Parker of Veterinary Practice Solutions discusses the two types of incentive systems you can have in place in your practice to promote and reward good production and how you can use these to encourage consistently improved performance from all of your staff.
Subscribe to Whiteboard Wednesday:
http://veterinary-practice-solutions.com/whiteboard-wednesday-subscribe/...

Bonuses vs. Profit Sharing

published:12 Dec 2012

views:12739

Your staff are your most valuable asset in a veterinary practice and those who do a great job should be rewarded accordingly. In this episode of Whiteboard Wednesday, Dr. Joel Parker of Veterinary Practice Solutions discusses the two types of incentive systems you can have in place in your practice to promote and reward good production and how you can use these to encourage consistently improved performance from all of your staff.
Subscribe to Whiteboard Wednesday:
http://veterinary-practice-solutions.com/whiteboard-wednesday-subscribe/...

Profit Sharing: Are You Making Enough Money?

published:28 Dec 2011

Profit Sharing: Are You Making Enough Money?

Profit Sharing: Are You Making Enough Money?

published:28 Dec 2011

views:10890

In this episode, Jay explains stock dividends, option grants, profitable companies, and profit sharing.
Have a question about launching a business that you want answered? Comment or add a video response!
Jay Adelson\'s Twitter:
http://www.twitter.com/jayadelson
Email Your Questions:
askjay@revision3.com
Never Miss An Episode! Subscribe Here:
http://www.youtube.com/subscription_center?add_user=askjayadelson
Check Out The YouTube Channel:
http://www.youtube.com/askjayadelson
More AskJay Episodes:
http://www.revision3.com/askjay
ABOUT ASK JAY:
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Submit questions to learn how to turn any business idea into reality and maybe even change the world....

Profit Sharing: Are You Making Enough Money?

published:28 Dec 2011

views:10890

In this episode, Jay explains stock dividends, option grants, profitable companies, and profit sharing.
Have a question about launching a business that you want answered? Comment or add a video response!
Jay Adelson\'s Twitter:
http://www.twitter.com/jayadelson
Email Your Questions:
askjay@revision3.com
Never Miss An Episode! Subscribe Here:
http://www.youtube.com/subscription_center?add_user=askjayadelson
Check Out The YouTube Channel:
http://www.youtube.com/askjayadelson
More AskJay Episodes:
http://www.revision3.com/askjay
ABOUT ASK JAY:
Entrepreneur, CEO, and business owner Jay Adelson (Equinix, Digg, Revision3, SimpleGeo) demystifies the start-up process by providing advice, tips, and answering questions. Submit questions to learn how to turn any business idea into reality and maybe even change the world....

What is PROFIT SHARING? What does PROFIT SHARING mean? PROFIT SHARING meaning - PROFIT SHARING definition - PROFIT SHARING explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Profit sharing refers to various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company\'s profitability in addition to employees\' regular salary and bonuses.
In publicly traded companies these plans typically amount to allocation of shares to employees.
The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent.
For example, suppose the profits are x, which might be a random variable. Before knowing the profits, the principal and agent might agree on a sharing rule s(x). Here, the agent will receive s(x) and the principal will receive the residual gain x-s(x)....

What is PROFIT SHARING? What does PROFIT SHARING mean? PROFIT SHARING meaning - PROFIT SHARING definition - PROFIT SHARING explanation.
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Profit sharing refers to various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company\'s profitability in addition to employees\' regular salary and bonuses.
In publicly traded companies these plans typically amount to allocation of shares to employees.
The profit sharing plans are based on predetermined economic sharing rules that define the split of gains between the company as a principal and the employee as an agent.
For example, suppose the profits are x, which might be a random variable. Before knowing the profits, the principal and agent might agree on a sharing rule s(x). Here, the agent will receive s(x) and the principal will receive the residual gain x-s(x)....

Learn about partnerships and profit sharing. Learn how profit share depends on the money and duration for which money is invested. For more Concepts and solved examples on various topics visit or subscribe to my channel : https://www.youtube.com/MathsSmart...

Learn about partnerships and profit sharing. Learn how profit share depends on the money and duration for which money is invested. For more Concepts and solved examples on various topics visit or subscribe to my channel : https://www.youtube.com/MathsSmart...

Employee profit sharing, referral commission & transitioning a good client from hourly to a retainer

published:09 Aug 2016

Employee profit sharing, referral commission & transitioning a good client from hourly to a retainer

Employee profit sharing, referral commission & transitioning a good client from hourly to a retainer

published:09 Aug 2016

views:586

Employee profit sharing, referral commission structure, & transitioning a good client from hourly to a retainer.
Geoff asked: \"What are your thoughts on profit sharing for key employees?”
Ryan asked: \"I know you\'ve talked about sales people and compensation before but, what about referrals? Flat fee or percentage? One time or for the life of the project/client?\"
Kirk asked: \"I have a great client we do work for at an hourly rate -- this is the only client we have like this. We want to transition that client to a long term contract for a flat rate. Any suggestion on the best way to have that conversation about making the transition?\"
SCHEDULE
#AskSwenk (LIVE) FRI 12pm EST :
Q&A from my digital agency audience
http://askswenk.com/
Podcast Wednesday:
(Digital Agency Interviews)
https://itunes.apple.com/us/podcast/smart-agency-masterclass-marketing/id870206013?mt=2&ls=1
or
http://smartagencymasterclass.com
Other Great Digital Agency Resources
http://jasonswenk.com/proposal-template/
http://jasonswenk.com/playbook
http://jasonswenk.com/generate-leads-everyday/
Ask me A Question
http://jasonswenk.com/askswenk
Follow me:
http://www.facebook.com/jasonswenk
https://twitter.com/jswenk
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https://www.linkedin.com/in/jasonswenk
https://medium.com/@jswenk/...

Employee profit sharing, referral commission & transitioning a good client from hourly to a retainer

published:09 Aug 2016

views:586

Employee profit sharing, referral commission structure, & transitioning a good client from hourly to a retainer.
Geoff asked: \"What are your thoughts on profit sharing for key employees?”
Ryan asked: \"I know you\'ve talked about sales people and compensation before but, what about referrals? Flat fee or percentage? One time or for the life of the project/client?\"
Kirk asked: \"I have a great client we do work for at an hourly rate -- this is the only client we have like this. We want to transition that client to a long term contract for a flat rate. Any suggestion on the best way to have that conversation about making the transition?\"
SCHEDULE
#AskSwenk (LIVE) FRI 12pm EST :
Q&A from my digital agency audience
http://askswenk.com/
Podcast Wednesday:
(Digital Agency Interviews)
https://itunes.apple.com/us/podcast/smart-agency-masterclass-marketing/id870206013?mt=2&ls=1
or
http://smartagencymasterclass.com
Other Great Digital Agency Resources
http://jasonswenk.com/proposal-template/
http://jasonswenk.com/playbook
http://jasonswenk.com/generate-leads-everyday/
Ask me A Question
http://jasonswenk.com/askswenk
Follow me:
http://www.facebook.com/jasonswenk
https://twitter.com/jswenk
https://www.instagram.com/jason_r_swenk/
https://www.snapchat.com/add/jswenk
https://www.linkedin.com/in/jasonswenk
https://medium.com/@jswenk/...

Your staff are your most valuable asset in a veterinary practice and those who do a great job should be rewarded accordingly. In this episode of Whiteboard Wednesday, Dr. Joel Parker of Veterinary Practice Solutions discusses the two types of incentive systems you can have in place in your practice

The hosts of \"Money Talks,\" Gene Henssler, Ph.D., Bil Lako, CFP®, and Ted Parrish, CFA, explain how a profit sharing works. The hosts discuss vesting options, advantages for both the employer and employee, and how to determine if a profit sharing plan is best for you.
Fan and Follow Henssler Group

Learn about partnerships and profit sharing. Learn how profit share depends on the money and duration for which money is invested. For more Concepts and solved examples on various topics visit or subscribe to my channel : https://www.youtube.com/MathsSmart